Indonesian embassy promotes palm oil, paper trade with Vietnam

indonesian embassy promotes palm oil, paper trade with vietnam hinh 0

Addressing the event, Ambassador Ibnu Hadi said that the relations between Vietnam and Indonesia have been growing. In 2016, two-way trade reached US$5.6 billion, he noted, added that the two sides agreed to lift up the figure to US$10 billion in 2018.

Vietnam mostly exported to Indonesia telephones, iron, steel, machineries, equipment, rice, computer, electronics and spare parts, garment, leather and footwear materials, vehicles, plastics and plastic material.

The ambassador said that last year, paper was the third largest goods that Indonesia exported to Vietnam with revenue of US$181 million, followed by animal and plant oil with US$161 million.

In order to beef up the Vietnam-Indonesia cooperation, especially when the ASEAN Community has been formed and the region has experienced many significant changes, the two sides should increase the exchange of information and investment promotion as well as the connection among businesses, thus improving the competitiveness of ASEAN enterprises, he said.

Meanwhile, Pham Quoc Manh, public relations official of the Indonesian Embassy said that last year, Indonesia ranked 14th in the worth in terms of export of paper, mostly printing paper, with revenue of US$3.2 billion.

Indonesia is also the world top exporter of palm oil as the country provides 36 million tonnes out of total 56 million tonnes exported by countries around the world, or 62%, he added.

At the event, Indonesian Embassy officials also shared information on cooperation opportunities in palm oil and paper trade with participating Vietnamese businesses.

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